Lean hog futures were mixed at the close, with contracts down 27 cents to $1.32, with December the lone contract seeing strength, up 42 cents. USDA’s national base hog price was reported at $45.39 in the Tuesday afternoon report, down $4.62 from the day prior. The CME Lean Hog Index was down another 82 cents on October 29 at $65.75.

USDA’s pork carcass cutout value was up 15 cents in the Tuesday PM report, at $72.43. The picnic and belly primals were the only reported higher. Federally inspected hog slaughter for Tuesday was estimated at 493,000 head, with the weekly total at 985,000 head. That was 8,000 head above last week and 1,324 head above of the same week last year.

Dec 26 Hogs  closed at $58.600, up $0.425,

Feb 27 Hogs  closed at $63.525, down $0.350

Apr 27 Hogs  closed at $69.375, down $0.275,

On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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